What Happens to Your Unpaid Debt

Managing Debt

What Happens to Your Unpaid Debt

What Happens to Your Unpaid Debt

If you default on a credit card, loan or even your monthly internet or utility payments, your account could be sent to a debt collection agency. Unpaid debts sent to collections hurt your credit score and may lead to lawsuits, wage garnishment, bank account levies and harassing calls from debt collectors. An outstanding collection account... Read More

What Is a Good Interest Rate?

Credit 101

What Is a Good Interest Rate?

What Is a Good Interest Rate?

With interest rates steadily climbing since after the recession of 2007, it’s important to be aware of what is a good interest rate when you’re planning on financing, whether it’s for a car, a home or your education. Take a closer look at what’s happening with interest rates in 2019 below and how you can... Read More

3 Tips for Finding an Affordable Life Insurance Policy

Personal Finance

3 Tips for Finding an Affordable Life Insurance Policy

3 Tips for Finding an Affordable Life Insurance Policy

Life insurance offers protection for your family’s financial security. Many people buy themselves a life insurance policy that will protect their family. It’s also possible for people to purchase life insurance policies for someone else. For example, children can purchase policies for their parents and vice versa. Life insurance coverage offers valuable financial protection. You... Read More

True Confessions of Debt Collectors

Managing Debt

True Confessions of Debt Collectors

True Confessions of Debt Collectors

Many Americans struggling with managing their debt become frightened to pick up the phone because of debt collectors. You’ve probably heard stories about deceptive debt collectors, and you may even have been a victim of a debt collection scam. But you’ve probably never heard anything about what it’s like to be working in collections. Learning more... Read More

5 Reasons for Credit Card Closure

Credit Cards

5 Reasons for Credit Card Closure

5 Reasons for Credit Card Closure

Having a wallet full of plastic can be a big temptation to overspend, which can lead to missed payments and a decreased credit score. If too many credit cards have you busting your budget, this might be a good reason for credit card closure. On the flip side, closing a credit card may hurt your credit score by messing... Read More

What Should My Mortgage Credit Score Be?

Mortgages

What Should My Mortgage Credit Score Be?

What Should My Mortgage Credit Score Be?

You don’t have a separate rating called a mortgage credit score, but lenders do look at your score, credit history and several other factors when deciding whether to approve you for a home loan. Contrary to what some people think, though, you don’t necessarily need an excellent or good credit score to get a home loan. How high your score... Read More

What to do When You Owe More than a House is Worth and Want to Sell

Mortgages

What to do When You Owe More than a House is Worth and Want to Sell

What to do When You Owe More than a House is Worth and Want to Sell

Javier Gonzales is legally a homeowner, but he says his first instinct is to say “no” if someone asks. This is because he hasn’t made the mortgage on the townhome he bought in years, and he doesn’t live there anymore. Gonzales says he owes $476,000 on the townhome, which is only worth around $263,000. “I don’t care... Read More

Dealing with a Credit Report for the Deceased

Credit Score

Dealing with a Credit Report for the Deceased

Dealing with a Credit Report for the Deceased

While it’s not something many people think about until faced with the issue, obtaining a credit report for a deceased person is important. It’s important to remember that the death of a loved one can impact your finances. You may need to make sure the credit report is accurate and take stock of any creditors you need to... Read More

3 Ways to Build Credit if You Can’t Get a Credit Card

Credit 101

3 Ways to Build Credit if You Can’t Get a Credit Card

3 Ways to Build Credit if You Can’t Get a Credit Card

Credit cards, interest rates, loans, even where you live—these all depend on your credit score. If you have a good credit score, you’re more likely to get better financial offers. But if you have a low or nonexistent score, the chances of getting prime financial offers are pretty slim. If you have low or nonexistent... Read More

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